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Earnings Call

Garden Reach Shipbuilders & Engineers Earnings Call: Key Takeaways

GRSE reported record financial performance for FY26, driven by robust warship execution and a shift toward higher-margin non-defense segments and exports.

Why this was an Alfa AlertNot a filter event. Performance was strong and record-breaking but management did not state it beat a specific prior numerical guidance range.
Highlights
Revenue growth38% YoY growth in FY26 to ₹7,002 crore.
MarginsEBITDA margin at 11.6% for FY26; aiming to maintain similar levels.
Order book₹15,324 Cr; 95% shipbuilding; 22.5% non-defense segment share.
Demand visibilityStrong; ₹1.5 Lakh Cr in potential RFPs on the anvil.
Management confidenceHigh; confident in maintaining 11.5% margins and winning upcoming major tenders.

Growth

FY26 Revenue grew 38% to ₹7,002 Cr; PAT increased 42% to ₹748 Cr. Q4 Revenue rose 29% YoY.

Outlook

Order book at ₹15,324 Cr; L1 for ₹33,000 Cr NGC project. Expanding capacity to 32 ships by end-2026.

Risks

Potential revenue recognition gaps between major projects; geopolitical risks in export markets; weapon system development delays.

Source

Earnings Call filed with NSE, NSE: GRSE. Summary written with AI assistance from the document.

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Garden Reach Shipbuilders & Engineers Ltd: key numbers

Share price
₹2,319.00
Market cap
₹26,565 Cr
Revenue (annual)
₹7,002 Cr
Net profit (annual)
₹747.9 Cr
P/E (TTM)
33.2×Sector 53.6×
Promoter holding
74.50%+0.00% QoQ
FII holding
3.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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concurrent construction capacity
28.0 ships